Observed Signal · Jun 16, 2026 · Product Relaunch · Source: Manager Magazin · Impact: 2/5 · Sentiment: Neutral
FlatexDegiro to Relaunch App Targeting Younger Users
FlatexDegiro CEO Oliver Behrens said in a Finance Forward podcast interview that the Frankfurt-based online broker will roll out a redesigned mobile app around Christmas to simplify onboarding, improve usability and add features aimed at attracting younger customers. Behrens, who became CEO in October 2024, said the company has completed an internal clean-up after leadership disputes and a Bafin special audit; the regulatory issues from 2022 have been addressed. FlatexDegiro serves about 3.5 million customers (average age ~36). Recent results show revenue rose 17% to €560 million and group profit increased 44% to €160 million. Behrens rejected direct comparison with Trade Republic, saying Flatex serves a different target group. The podcast interview was conducted by manager magazin journalists Hannah Schwär and Katharina Slodczyk.
Product relaunch of a large consumer finance app (3.5M customers) may affect mobile engagement and audience reach, but it is company-level news with limited direct impact on the broader AdTech ecosystem.
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Key Takeaways & Evidence Grounding
- FlatexDegiro plans a major app redesign (a 'facelift') scheduled for around Christmas to improve onboarding and add features.
- The company reports approximately 3.5 million customers; average customer age is about 36.
- Revenue increased 17% to €560 million and group profit rose 44% to €160 million.
- Oliver Behrens became CEO in October 2024, succeeding Frank Niehage after a public dispute involving major shareholder Bernd Förtsch.
- A 2022 Bafin special audit found shortcomings in anti-money‑laundering controls at FlatexDegiro Bank AG; those issues are stated as resolved.
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